Thursday, Jul 19, 2007
10 Years Ago, the subprime model was tried on the Automotive Sector
NewsBank: BIG LENDERS BRING DEBT TO THE MASSES OVERSPENDING OFTEN FOLLOWS NEW ACCESS TO QUICK CASH
NEW YORK -- When politicians talk about equal opportunity, they generally mean the right of even the poorest Americans to a good education and a fair start in life. When Carl Westcott talks about it, he's thinking about used cars and nose jobs.
Westcott is chief executive of Dallas-based Jayhawk Acceptance Co., one of a new breed of lenders, many underwritten by the likes of Bank of Boston, Fleet Financial Group, and General Electric Capital, which are making billions of dollars.
http://news.google.com/archivesearch?hl=en&ned=us&q=Jayhawk+Financial&ie=UTF-8
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